Grain and oilseed markets were green across the board on Tuesday after the USDA and Statistics Canada dropped a heavy load of new information into the market. The USDA released updated acreage and stocks estimates while StatsCan shared its acreage projections based on a farmer survey in early June. New crop soybean futures jumped more… Read More
Category: Markets
Grains had a big week in the markets with everything ending in the green thanks to wet weather in the U.S. Midwest, and drier weather in Western Canada and Europe. November canola on the Winnipeg exchange nearly touched $12/bu, winter corn and soybean contracts pushed above $4/bu and $10/bu (respectively) in Chicago, and we’re starting… Read More
Grain prices started falling back this week as moisture finally hit some areas of Western Canada and reported decent conditions of already-planted crops in the Midwest. There are, however, a significant amount of soybean acres that still have not been planted in major states like Missouri, Illinois, and Iowa because of persistent wet conditions. Ultimately,… Read More
Grain prices ended the week lower with rains arriving in some major growing regions. The market’s main focus now is on where rain is falling, and in what quantities, specifically eyeing Kansas, Missouri, Nebraska, & Iowa where a fair amount of acres still have to go in. SovEcon recently raised their expectations for the Russian crop to… Read More
Rain doesn’t just make grain, it makes beef too, and much of Saskatchewan and Alberta is in desperate need of moisture to support the cattle out on grass. In this episode of the almost-in-person Beef Market Update, Anne Wasko, of Gateway Livestock, and Shaun Haney, of RealAgriculture, cover some serious ground, from the possible repealing… Read More
New crop wheat futures fell from recent highs on Wednesday after the USDA published some larger-than-expected wheat supply projections. The USDA’s June reports were not friendly for prices across the board, says Neil Townsend of CWB Market Research in our conversation below. (Read the WASDE report here and the Crop Production estimates here.) Along with slightly larger domestic production, he… Read More
It’s looking like over a million acres of canola will be or has been reseeded in Western Canada this year, with frost in Manitoba to blame for the majority of those acres. “We’re still getting a handle on how much seed actually moved into the affected areas. We know that between what the retail network moved and… Read More
Crop quality was the big question on the mind of the market for this first week of June, as the entire grains and oilseed complex moved higher. Despite seeing the largest one-day drop for the U.S. dollar earlier in the week since 2013 (it rebounded on Friday), weather issues were completely at the steering wheel… Read More
Most grain elevators in Western Canada are going to be asking producers to declare whether they used a plant growth regulator containing chlormequate chloride when delivering this year’s crop. If the answer is yes, they’re going to reserve the right to not accept delivery of the grain. All the companies that are members in the Western Grain Elevator… Read More
Grains saw a choppy end to the trading month of May as government reports seemed to sway the market the most. Corn and wheat prices on the futures board saw their values fall as USDA crop progress reports reminded everyone that a lot of corn is already in the ground and that wheat crops in… Read More